Geode Capital Management Portfolio holdings
Geode Capital Management, founded in 2001 and based in Boston, Massachusetts, is a prominent institutional asset management firm known for its expertise in low-cost, systematic index investing. Originally established to manage internal index funds for Fidelity Investments, Geode became an independent entity while retaining a close relationship with Fidelity, focusing on passive investment strategies that track major market indices. The firm oversees hundreds of billions in assets, offering a range of mutual funds and separately managed accounts primarily for institutional clients, such as pension funds and endowments, with an emphasis on minimizing costs and maximizing efficiency. Geode’s disciplined, quantitative approach and avoidance of active management have made it a key player in the rise of index-based investing.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$321M |
| 2 |
Medtronic
MDT
|
+$290M |
| 3 |
Apple
AAPL
|
+$171M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$101M |
| 5 |
Microsoft
MSFT
|
+$97.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SWS
SWS GROUP INC
SWS
|
+$970M |
| 2 |
AGN
Allergan Inc
AGN
|
+$459M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$349M |
| 4 |
Eversource Energy
ES
|
+$130M |
| 5 |
CFN
CAREFUSION CORPORATION
CFN
|
+$93.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 14.99% |
| 2 | Financials | 14.59% |
| 3 | Technology | 14.54% |
| 4 | Industrials | 10.59% |
| 5 | Consumer Discretionary | 9.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
GRA
601
DELISTED
W.R. Grace & Co.
GRA
| $38.4M | 0.02% |
388,823
+17,417
| +5% | +$1.66M |
|
|
SIVB
602
DELISTED
SVB Financial Group
SIVB
| $38.4M | 0.02% |
302,440
+30,569
| +11% | +$3.65M |
|
603
Acuity Brands
AYI
$10.6B
| $38.2M | 0.02% |
227,144
+11,698
| +5% | +$1.84M |
|
604
Avery Dennison
AVY
$13.5B
| $38.1M | 0.02% |
720,375
+36,585
| +5% | +$1.94M |
|
|
BEAV
605
DELISTED
B/E Aerospace Inc
BEAV
| $38M | 0.02% |
597,365
+34,585
| +6% | +$2.12M |
|
606
Pediatrix Medical
MD
$2.12B
| $38M | 0.02% |
523,776
+10,011
| +2% | +$696K |
|
607
First Solar
FSLR
$25.7B
| $37.8M | 0.02% |
633,534
+19,038
| +3% | +$978K |
|
608
Pitney Bowes
PBI
$2.33B
| $37.7M | 0.02% |
1,618,853
+7,346
| +0.5% | +$171K |
|
609
W.P. Carey
WPC
$16.1B
| $37.6M | 0.02% |
564,496
+38,081
| +7% | +$2.62M |
|
610
MSCI
MSCI
$40.9B
| $37.6M | 0.02% |
612,858
+1,865
| +0.3% | +$104K |
|
611
Alliant Energy
LNT
$17.7B
| $37.5M | 0.02% |
1,192,092
+45,132
| +4% | +$1.47M |
|
|
LPT
612
DELISTED
Liberty Property Trust
LPT
| $37.5M | 0.02% |
1,050,142
+77,661
| +8% | +$2.96M |
|
613
ManpowerGroup
MAN
$2.63B
| $37.3M | 0.02% |
433,420
-10,075
| -2% | -$767K |
|
614
Brookdale Senior Living
BKD
$3.27B
| $37.2M | 0.02% |
986,305
+96,133
| +11% | +$3.52M |
|
615
CoStar Group
CSGP
$12.8B
| $37.1M | 0.02% |
1,877,240
+124,360
| +7% | +$2.35M |
|
616
Avnet
AVT
$7.99B
| $37.1M | 0.02% |
833,532
+100,175
| +14% | +$4.42M |
|
617
Urban Outfitters
URBN
$6.81B
| $37M | 0.02% |
812,215
+34,643
| +4% | +$1.35M |
|
618
Tenet Healthcare
THC
$20.9B
| $37M | 0.02% |
747,921
+21,926
| +3% | +$1.02M |
|
|
RAX
619
DELISTED
Rackspace Hosting Inc
RAX
| $36.9M | 0.02% |
716,233
+125,030
| +21% | +$6.14M |
|
620
Lamar Advertising Co
LAMR
$15.7B
| $36.9M | 0.02% |
622,573
+238,977
| +62% | +$13.6M |
|
|
ESV
621
DELISTED
Ensco Rowan plc
ESV
| $36.8M | 0.02% |
437,219
+21,021
| +5% | +$2.21M |
|
|
DHC
622
Diversified Healthcare Trust
DHC
$2.04B
| $36.8M | 0.02% |
1,672,450
+329,737
| +25% | +$7.37M |
|
623
Trimble
TRMB
$13.6B
| $36.5M | 0.02% |
1,449,944
+64,379
| +5% | +$1.65M |
|
624
Hain Celestial
HAIN
$53.4M
| $36.5M | 0.02% |
569,906
+45,800
| +9% | +$2.71M |
|
|
TE
625
DELISTED
TECO ENERGY INC
TE
| $36.4M | 0.02% |
1,878,693
+85,388
| +5% | +$1.72M |
|
Similar funds
Geode Capital Management's Q1 2015 Portfolio in Review
As of Q1 2015, Geode Capital Management held 4,062 positions worth $175B, up 4.1% from $168B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Trading was light in Q1 2015: portfolio turnover was 4.8%. Geode Capital Management opened 82 new positions and exited 115, leaving the 4,062-position portfolio largely intact.
By sector, the portfolio is most concentrated in Healthcare at 15% of assets, up from 14% a quarter earlier, followed by Financials and Technology.
- Geode Capital Management's largest Q1 2015 buy was TRIBUNE MEDIA COMPANY CLASS A: 453,455 shares worth $27.6M.
- Geode Capital Management added most to Allergan plc in Q1 2015, an estimated $321M increase.
- Geode Capital Management's biggest Q1 2015 reduction was Vornado Realty Trust, cutting an estimated $8.04M.
- Geode Capital Management fully exited SWS GROUP INC in Q1 2015, selling an estimated $970M.
- Geode Capital Management's ten largest holdings make up 15% of its $175B portfolio in Q1 2015.
- Geode Capital Management opened 82 new positions and closed 115 in Q1 2015.
- Geode Capital Management's portfolio value rose 4.1% quarter-over-quarter to $175B.
Based on Geode Capital Management's 13F filing for Q1 2015, filed 14 May 2015.